Other Indices

Q.

Write down some of the limitations of using GDP as an index of welfare of a country.

Q.

How can externalities be a limitation of using Gross Domestic Product as an index of welfare?

Q.

In the estimation of GDP (using expenditure method), we focus only on expenditure by the residents of a country. Is this true?

Q.

What is real GDP? State three limitations of GDP as an index of economic welfare.

Q. Define HDI. What criterion is used by the Human Development Report (by UNDP) to compare the development level of countries?

Q.

Which of the following is an alternate measure of well-being currently used that incorporates GDP, but does not rely exclusively on income as a measure of well-being?

1. Real GDP per capita

2. The Human Development Index (HDI)

3. All of the above

4. National Income per capita

Q.

Human Development Index(HDI) focuses on

1. Longevity

2. Knowledge

3. Standing of living

4. All of the above

Q. Which of the following is one of the indicators of Human Development Index (HDI)?

1. Life expectancy at birth
2. Total cost of the agricultural land with a family
3. Total area of the agricultural land with a family
4. Availability of perennial source of water for irrigation

Q.

what is the difference between GDP DEFLATOR AND GNP deflator?

Q.

what are the factors that affect the development of a nation? explain in detail.

Q. Higher HDI ranking of China as compared to India can be majorly accredited to _____________.

1. higher literacy rates
2. higher GDP per capita
3. lower population
4. higher life expectancy

Q.

Which of the following is the most popular economic development introduced by UNDP?

1. Rise in Factor Productivity
2. Human Development Index
3. Physical Quality of Life Index
4. None of these

Q. Which one among the following is the most appropriate definition of a less-developed nation?

1. A country with inadequate health care, poor educational facilities and low per capita GNP
2. A country with a small agricultural sector, low rate of population growth and low per capita GNP
3. A country with a high population growth rate, a high per capita GNP growth rate and an unequal distribution of income
4. A country with low per capita GNP, a large population and a small agricultural sector

Q. is an alternate measure of well-being currently used that incorporates GDP, but does not rely exclusively on income as a measure of well-being.

1. Per Capita Real GDP
2. HDI
3. National Income
4. GDP Deflator

Q.

is there any difference between GNP deflator and GDP deflator?

Q. The Human Development Report is published by ______.

1. UNPD
2. UNHD
3. UNDP
4. UNDR

Q. Answer the following questions in two to four sentences each:
It is not appropriate to measure the Nations development through National Income. Why?

Q. which of the following carries a direct relationship with the rate of growth of an economy ?
a) APC. b )MPC.
c) APS. d )MPS

Q.

EXPLAIN HOW THE DISTRIBUTION OF GROSS DOMESTIC PRODUCT IS A LIMITATION IN TAKING GDP AS AN INDEX OF WELFARE

Q. __________ is measured in terms of Real GDP per Capita.

1. Longevity of Life
2. Knowledge
3. All of the above
4. Standard of Living